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Satellite Examines Ghost Cities

Recently satellite images indicate that China still has a startling number of vacant real estate developments and ghost cities. The images closely examined some Chinese cities to show which areas are progressing and which are not. Ghost cities in China have been making headlines for years now. Some view the deserted cities as a strong sign that China is heading for a real estate crash, while others see them as nothing out of the ordinary. A recent Baidu study shows that there are at least 50 cities with areas of incredibly high vacancy.

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